Klipfolio raises $12M in series ‘B’ financing

Ottawa-based Klipfolio has received $12 million in series ‘B’ financing from an investment syndicate led by OMERS Ventures to further develop its cloud app for building and sharing real-time business dashboards on web browsers, TV monitors and mobile devices. Described as a pre-emptive insiders round, the financing is the largest the company has received to date and brings its total funding to $19.6 million. Klipfolio will add developers, data scientists and UX (user experience) specialists to its staff of 70 in a bid to build on its global customer base of more than 7,000. Other investors in the latest round include BDC Ventures, Boldstart, Converge Venture Partners (formerly Common Angels), Mistral Venture Partners, FundFire and Acadia Woods Partners.